Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
E
epolocy
March 30, 2025
Question

In Assets/Depreciation section of claiming a rental property does property taxes and insurance premiums need to be listed when they are included in and paid by mortgage

  • March 30, 2025
  • 1 reply
  • 0 views
No text available

    1 reply

    M
    MindyB
    March 30, 2025

    Yes, they need to be listed as expenses.  Your mortgage payment is not a deduction.  Rather, the expenses and depreciation are all listed separately. Unlike for a primary residence, you will not enter the information in one place from the 1098.

     

    Here's some information you may find helpful: Rental Real Estate and Taxes

     

    TurboTax Sign In Widget
    TurboTax flag icon

    Unlock tailored help options in your account

    Create an account
    TurboTax Expert Assist
    TurboTax Expert

    Get answers to all your tax questions

    Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

    Terms & ConditionsCookie settingsAccessibility statement
    Intuit
    TurboTax Credit Karma QuickBooks MailChimp

    ©1997-2022 Intuit, Inc. All rights reserved.
    Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
    of Intuit Inc. Terms and conditions, features, support, pricing, and service options
    subject to change without notice.

    Security Certification of the TurboTax Online application has been performed by
    C-Level Security.

    By accessing and using this page you agree to the Terms of Use.

    Accessibility

    TRUSTe nResult Certified e-File C-Level Security Certification